Our review focused on the MT4 trading platform, available to all clients at Lime Fx. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs. They can total above $200 per month for low-frequency traders, but Lime Fx has a program in place for active traders to receive reimbursement for most costs. While non-equity trading costs remain very competitive, limefx website equity trading tends toward the industry average.
Our comprehensive Lime Fx fees review, together with the Lime Fx thorough broker review, provides a detailed breakdown of all trading and non-trading fees. It also shows the difference between commission-free trading accounts and commission-based alternatives. Lime Fx offers traders a very competitive choice in its Raw account, available from an Lime Fx minimum deposit of $100. limefx Lime Fx impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure.
The Lime Fx Traders Hub provided daily research and trading ideas, presented in a quality format. Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos. Lime Fx also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more.
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The application grants access to a clean back-office, from where traders can manage all their trading accounts and financial transactions. Account verification remains mandatory but a swift process at Lime Fx. Most traders will satisfy AML/KYC requirements by submitting a copy of their ID along with one proof of residency document. The Iress trading platform costs $60 monthly, but Lime Fx offers it free of charge when traders generate at least $150 in monthly trading commissions. Below is a detailed list of additional Lime Fx fees for the Iress trading platform, geared towards active equity traders. Lime Fx caters to desktop users by offering trading software compatible with both Windows and Mac operating systems.
Lime Fx Reviews
Overall, Lime Fx is a strong choice for traders of varying levels of experience. However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker. The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance. Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, Lime Fx maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently.
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- This is great for managing risk and aiming for those sweet entry or exit points you’ve identified on your charts.
- While the Lime Fx Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions.
- So, it’s a bit of a gamble – precision versus guaranteed execution.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
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Clients may access all available options from their back office, where Lime Fx lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
In the context of Lime Fx not withholding trader payouts, let’s explore how the broker’s financial health translates to secure withdrawals for its clients. The trading fees at Lime Fx consist of spreads, commissions, swap rates on leveraged overnight positions, and currency conversion fees where applicable. While Lime Fx lists bank wires and credit/debit cards as free, traders should consider third-party payment processing costs. Fee structures usually separate competitive brokers from the rest.
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Lime Fx offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, restricted by geographical location. MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app. The out-of-the-box MT4/MT5 versions remain substandard, but Lime Fx offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services. It delivers a competitive edge to traders at Lime Fx from a trading platform perspective. The online account opening process remains straightforward, but Lime Fx collects more data than some other brokers. It does offer traders to complete the first step via a Google or Facebook account.
First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading tier 1 Forex regulator. EEA traders get an investor compensation fund limited to €20,000 per client. Most of Lime Fx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. You can reach Lime Fx customer support via 24/7 live chat, email, or phone. Their phone support offers multiple international numbers, so you can find one with a convenient time zone for you. Live chat seems to have the best availability, with responses typically within a minute or two in my experience., while email might take a bit longer.
In conclusion, Lime Fx’ commitment to educating traders is commendable. By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Lime Fx strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders.
Lime Fx offers Islamic traders the option of opening an Islamic account. Supporting documentation proving Islamic status may be required from the client in some cases. The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide. Trading fees have the most notable direct impact on any strategy, and Lime Fx offers two pricing models.
What products does Lime Fx offer?
If you encounter an issue, you can initiate a complaint through their website or by contacting customer support. While there’s no account inactivity fee, it’s essential to note that other fees might apply. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.